Month: March 2018

Which is the best, condominiums or apartment buildings? These two popular types of modern housings became very popular among many Filipinos in today’s modern trends and fast-paced lifestyles. This is because of the benefits that these two types of housings can offer to its residents, such as the accessibility to key locations in the city. But which of these are the best?

Apartment Buildings According to real estate experts in the Philippines, apartment buildings have long been in the Philippines even before the number of townhouses had started to grow in the market. And similar to condominiums, some of the most popular apartment buildings are found in business and commercial districts. So what are the advantages and disadvantage of living in these types of modern housing?

Advantages and Disadvantages of Apartment Buildings The main advantage of living in an apartment building is its affordability. Apartments or apartment units are usually rented or leased, which is much more affordable compared to investing millions or thousands in houses, condominiums, and townhouses.

Another popular advantage of some of the newer types of apartments is its new units, which are known as the one/two/three bedroom apartments. These new types of apartments allows for a more family-oriented environment with the comfort of its spacious unit.

The disadvantage of these types of housings is that these cannot offer the permanence that some Filipinos are looking for in the market. Though affordable, apartment residents are usually prone to eviction; this is because the ownership still remains with its landlord.

Condominiums Though condominiums were only recently introduced in the market, these types of housings had rapidly gained a lot of popularity in the Philippines, particularly among Filipinos living in a fast-paced lifestyle. This is the reason why the number of condominiums had steadily grown in the market, such as the many condo manila. But what are the advantages and disadvantages of living in a condominium?

Advantages and Disadvantages of Condominiums The main advantage of condominiums, other than its location, is its maintainability and security. Although most apartment buildings of today have their own maintenance and security personnel, condominiums were only types of housings in the past which are known for this.

Another advantage is its amenities. Compared to apartment buildings, most condominiums in the city, such as the many condo manila, have their own indoor swimming pools, gyms, and even a full-sized sports complexes complete with basket ball, tennis, and volleyball courts.

The disadvantage of condominiums is that these types of housings are some of the most expensive housings in the market, particularly the many condo manila. There is also the condo fees, in which residents are obligated to pay in a monthly or yearly basis. These condo fees are used for the maintenance of all facilities found in the condominium.

In February of this 2010, an important change was made that could have repercussions for many condominium and town-home associations. Now entire associations must become FHA certified before purchasers can buy into their developments. Because almost one-third of buyers today use FHA loans, this change can have a drastic effect on the marketability of units in your association. Owners and board members need to be aware of this change and realize the effect it could have. If an association is not FHA certified, many buyers have to look elsewhere. We all know that todays real estate market needs as many buyers as possible.

The change came down from the Federal Department of Housing and Urban Development. It applies to FHA home loans. FHA (The Federal Housing Administration) was created in 1934 for the purpose of making home ownership easier to attain. Then, like today, the housing market was in terrible condition and needed help. Today, FHA loans account for more than 30% of all home closings and experts predict that percentage will increase.

FHA does not actually make the loans. Approved lenders do and FHA guarantees them. Because the loans are backed by the Federal Government the lenders risk is minimized. These lenders can thereby pass along this reduced exposure to their borrowers offering competitive loans featuring reduced rates, smaller down payments and easier credit approval. This makes the home buying process easier and opens up the market to many more potential home buyers. Many associations promote and advertise the fact that they are ” FHA Approved.”

In order to obtain FHA certification, associations need to meet certain requirements. There are some steps and work involved, but it should be worth the effort. It will allow your association the ability to tap into this large pool of FHA home buyers. The benefits can be immense.

In the past, FHA would consider each transaction and application individually. Each property would be inspected to see if it met FHA standards. That was called spot approval. The recent February 2010 change eliminates spot approvals. Now entire associations need blanket approval or “FHA Certification”.

Condominium and Town-home Associations may obtain FHA Certification if the following guidelines are met:

1.No one unit owner may own more than 10% of the units in the Association.
2.No more than 15% of the units can be more than 30 days past due on their assessments.
3.A full budget review will take place and it must be determined that 10% of the associations operating funds is allocated to reserves
4.Right of first refusal may be in the associations bylaws, but it cannot violate Fair Housing Act
5.Association must be at least 50% owner-occupied
6.No more than 25% of the floor space can be commercial space

Obtaining FHA Certification can be a tremendous catalyst for the marketability of your association. It will put your condo or town-home on the radar screen for many buyers. What was not obtainable may now be a possibility. Realtors will add your association to the list of places to show. The homes become affordable for so many more buyers. Sellers as a result will see an uptick in interest hopefully creating more demand for their units and a better overall selling market for the entire association.

Root Realty, as an experienced condominium management company, welcomes the opportunity to discuss the benefits of FHA Certification with your association. We can explain the process and review with you the steps involved in obtaining certification. Root Realty will be happy to assist in any way we can.

Belgravia Villas Condominium in Ang Mo Kio Singapore is a rare investment grade cluster homes project to be launched this year. This new landed property is situated within mature estate of Ang Mo Kio in District 20. Belgravia Villas Condominium offers a cluster housing concept different from what traditional condominiums provide. Hidden among the Seletar landed housing estate. Belgravia Villas Condominium occupies a plot of land more than 200,000 square feet along Stratton Walk with easy access to Ang Mo Kio Avenue 5. This hottest cluster property project in Singapore will consist of 100 units of terrace houses and 18 units” semi-detached houses.

Cluster houses are strata-titled, uniformly designed landed properties that are built within an enclave with 24-hour gated security. The development is normally no more than three storeys and comes with communal facilities such as swimming pools, clubhouse, playground, guard houses, lap pool along with other outdoor activity infrastructure.

Cluster housing projects are preferred with buyers who prefer the bigger built-up space of landed properties but want to have condo facilities as well. Their own exclusivity means that purchasers can look forward to excellent capital appreciation and rental yield. Essentially, Cluster homes includes the private landed space of landed homes in Singapore as well as the facilities usually loved by condominium owners. It provides the best of types of private housing in a category of its own called cluster housing.

Belgravia Villas Condominium s going to be built by Fairview Developments Pte Ltd, a unit of Tong Eng brothers, a recognized and trusted developer in Singapore for the past 50 years Tong Eng Brothers specializes in building boutique homes which are more family oriented. Their recent projects include Tropika east, Three Balmoral and Poets Vilas, all highly appealing real estate for families. Tong Eng Brothers credentials came from the development of housing enclaves. By building housing enclaves, Tong Eng is being genuine to its roof of forging family and community bonds via shared communal amenities.

There is certainly several of school located around Belgravia Villas Condominium suitable for school going children of all ages. Well-known school include Rosyth School, Anderson Primary, Anderson Secondary and Anderson Junior College and Nanyang Polytechnic. For expatriates who are interested in Belgravia Villas Condominium, additionally, there are Chatsworth International School and Lycee Francais De Singapour located near the estate. Having International schools in close proximity also help to improve the rental yield of property.

Ang Mo Kio estate is in the middle of Singapore and well connected to main expressway such as Central Expressway (CTE), Seletar Expressway (SLE) and Tampines Expressway (TPE). Belgravia Villas Condominium is also between Yio Chu Kang and Ang Mo Kio MRT stations where the North-South line can bring you instantly to the CBD and town area. Addititionally there is the major bus interchange within the Ang Mo Kio hub for individuals who choose to take buses instead of MRT.

Residents of Belgravia Villas Condominium can also appreciate premium shopping at the malls such as Ang Mo Kio Hub and Greenwich V around Yio Chu Kang and Ang Mo Kio. They have established amenities such as supermarkets, clinics and wide range of shopping options similar to what the central areas offer. Take pleasure in the love and pleasure of multi-generation under one roof.

In a fixed-weeks or points primarily based timeshare, prospective buyers obtain pretty limited use of a resort. Prospective buyers of a condotel or outright holiday dwelling very own their residence outright. In both instances an proprietor can typically remain in it, rent it, or market it. In some circumstances, nonetheless, the proprietors unit use may also be somewhat minimal.

In condotels, in-property hotel management businesses rent out the individually owned models on behalf of their proprietors. For this support they obtain a portion of the rental revenue for that particular unit. Condotel owners and their renters have use of the resort’s amenities when staying there. Whether or not an proprietor can use the amenities while a renting guest is staying in their unit depends on particular condotel association principles and the condo filing paperwork in that state.te.

Possessing a condotel differs from purchasing and managing a traditional condominium or holiday home in numerous other respects.

While common condos are constructed by housing developers, condo hotels are often formulated by hotel and resort corporations these kinds of as The Ritz Carlton Hotel Organization, Starwood Hotels &amp Resorts or 4 Seasons Hotels. Condotel rates are often substantially increased per square foot than a conventional resort condo.

The extra expense of obtain, howevr, yields some gains. The proprietor has accessibility to the in-household management corporation services. Management will market place and rent your unit by the night time or for prolonged or small intervals of time. The management company expenses proprietors a portion of rental earnings (ordinarily 40% to 60%), and handles the maintenance, area get-prepared soon after a guest departure, grounds trying to keep and accounting. Miami is typically held out as the most condominium-crazed town not only in Florida but also in the overall United States. But examining this selection in proportion to dimension, Sarasota is even crazier. Condominium current market developers have ideas for 25,000 models in Miami’s central business district, or a single for every single 24 of its 600,000 residents. The Sarasota condo industry, on the other hand which caters to only a population of 55,000, gets one planned condominium for every last 19. Not remarkably, the significant question on the minds of current market players and observers is irrespective of whether the stifling building craze in the Sarasota condo marketplace will counterweigh need in purchase to generate the escalating price ranges back to ground. The truth that genuine estate agents have been obtaining trouble marketing Sarasota condos priced at $1 million or far more for some time is a good indication that the higher-stop sector is overbuilt.

Condos priced from $400,000 to $800,000 have been flying off the shelf, but true estate agents warn that Sarasota condo market might slow down by 2007 when constructions of just about 1,000 new units are completed. No an individual can inform precisely how many of these condo models have been bought by investors, but if the degree of speculation is large, and a big percentage of these units find their way back onto the market place, the organic law of supply and desire could depress price ranges.

Nevertheless, the standard consensus between customers, authentic estate agents and analysts is that the Sarasota condo sector is in far far better shape than those in other places across the nation. Two-bedroom models at The Plaza at Five Factors, for illustration, commenced marketing for about $650,000.

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Condominiums, according to many real estate experts, are some of the most popular and in-demand types of housings in the Philippines. There are many reasons as to why this is, and one of those is its continuous evolution to provide the best types that many Filipinos needed in today’s rapidly changing needs.

Different Condominiums for Different Filipinos There are currently two popular types of condominium Philippines today. There are those that are found in business and commercial districts, while others are found in the outskirts or even in the provinces.

Condominiums in the City According to real estate experts, condominiums were first established in business and commercial districts. Their aim is to provide Filipinos with residential real estate that allows them to easily and conveniently access their workplaces as well as other popular entertainment locations (such as malls, shopping centers, etc.).

Because of its location, and the benefit of its accessibility, many Filipinos found these types of housings appropriate for their needs, making it easier for them to avoid the hassles of rush hour. However, though found in one of the busiest districts, these condominiums can still offer its residents the privacy, peace, and relaxation that they needed.

Other than its location, however, many condominium Philippines are also known for its amenities. Some of older condominiums offer gyms as their amenity, while some of the newer ones can offer indoor swimming pools and sports complexes as amenities, which adds to the popularity of condominiums in the Philippines.

However, though known to offer spacious units, allowing families to live comfortably, many Filipinos still found these types of housings inappropriate for their needs and the needs of their children. This is because of its lack of facilities that can accommodate a growing child. This is the reason why condominium complexes were established in the market.

Condominiums for Families Condominium complexes, compared to other types of condominium Philippines, are mostly found in the outskirts, or even in the provinces. Because of this, condominium complexes are known to offer a much more family-oriented environment for modern Filipino families.

Compared to most condominiums in the city, condominium complexes are known for its wide open spaces, allowing children to run and play safely. Other than swimming pools, gyms, and sports complexes, condominiums are also known for its recreational parks and playgrounds which made it more family oriented compared to condominiums in the city.

The disadvantage of these types of housings is its location, which made it harder for its residents to get back to their workplaces, particularly because of rush hour.

Nowadays they continue to enjoy in market value at a rate that’s almost as fast as that of single family residences, while at one-time condos had somewhat of the poor status within the real property industry.

In the previous few years, most condominium owners are finding they remain quite content with their purchase offered they required the time to earn the purchase. It is essential to ensure you know things to look for plus the inflora condo price to avert to be able to track down a condominium which won’t make you regret your purchase afterwards, if you are thinking about buying a condo.

Like, there are lots of what to keep an eye out if purchasing a condo and which may be fairly avoided.

First, it is vital to test into the way in which the condominium is managed. Quite simply, some condominium things are poorly maintained. It’s likewise vital that you do a bit of research and ensure you’re conscious of the charges which are connected with care of the condominium. While fees may be common enough, you need to ensure they’ve been no very high in connection to the level of maintenance quality the complicated receives.

It is likewise vital that you take the time to learn who occupies the additional units of the complex you are considering. Regrettably, there seems to be a trend in many complexes for units to be entertained mainly by tenants as opposed to owner occupants. This could create an issue when the occupants have very small pride of ownership; rendering it almost unendurable for people who have paid good money for their very own units.

There are two primary components which you must first explore when thinking about a condo buy.

First it’s vital to think about whether a condo is actually the appropriate selection for you personally. Even though most condo owners are quite happy with their selection, it’s crucial to grasp it’s not the right choice for everybody. The primary appeal for most condominium owners may be the dearth of maintenance obligations. Unlike homeowners, condo owners don’t need to issue themselves with outdoor repairs because of the fact that these duties fall for the condominium homeowner’s association.

It also needs to be understood exactly what it is you’re buying when you buy a condominium. Because each proprietor is theoretically purchasing the airspace that includes their flooring spaces, internal walls as well as their ceiling condos are often known as perpendicular sub-divisions. The real construction including the exterior walls, elevators, base, top and parking lot together with the exterior reasons are thought to be common lots. These regions are held by the homeowner’s consortium and are additionally the care obligation of the association. The homeowner’s organization is comprised of all the associates.

There are few things as vital to creating an ideal reserve fund than a condominium reserve study. For maintenance costs to repairs and replacements, maintaining a condo property can be expensive.

Condominium properties are built on the premise of shared amenities and common areas. While each unit is a home, the larger property as a whole must serve the needs of the entire community. Over time, those common areas will experience wear and tear and must be maintained and repaired. A reserve fund is used for this, but a condominium reserve study will need to be created in order to ensure adequate resources are available when needed most.

More Than Just Common Areas

Condo properties have a considerable amount of shared common areas, as well as equipment and amenities. Your condo reserve study must account for much more than just maintaining your common areas. Any condominium reserve study should include a variety of other factors, including structural elements like the roof and the propertys foundations. In addition to those areas, items such as HVAC systems, exterior lighting and even playground equipment must be examined in order to provide the most accurate picture possible in terms of maintenance, repairs and replacement costs that youll have to pay over the life of the property.

Customization Is Essential

One of the most important factors to consider in your condominium reserve study is whether the study is customized to your specific property. Some architectural firms use a cookie cutter approach here, but that is far from advisable. Every single property differs from every other you have concerns that may or may not apply to a property down the road, much less on the other side of town or in another part of the state.

When you need a condo reserve study conducted, its vital that you choose an architectural firm known for taking the time to customize that study to reflect your propertys unique needs. Of course, there are also other considerations you need to make when selecting the firm youll work with.

Other Reporting Options

In addition to a condominium reserve study, you may find that you need a variety of other reports depending on your situation and specific needs. For instance, you might find that building repair studies are necessary down the road, or that you need bid design documents. You might also find that if new work is required on your property, you need a company that can offer construction monitoring. Additional services a reputable architectural firm can offer include transition studies, balcony repair studies, structural reviews, roof leak studies and more.

As you can see, working with a reputable architectural firm is vital for your condominium reserve study. J. Hershey Architecture can provide you with all the assistance you require, tailored to fit your specific propertys unique situation. If youre seeking peace of mind and the accurate reporting necessary to build your capital reserve fund, this architect can help.

According to many Filipinos, condominiums have become one of the most popular types of housing in today’s modern age. It is also considered by many Filipinos as some of the most modern types of housing. This is because of its benefits in which Filipinos can take advantage of. One of the most notable benefit of living in a condominium is with its location.

Benefits of locations

Condominiums Most condominiums are found in business and commercial districts, which are normally made up of high-rising buildings, and many of these condominiums may even look like an office building. Because these, many Filipinos found these types of housing suitable for their needs, particularly for their fast-pace lifestyles.

Being in the heart of the busiest districts in the Philippines, residents were given the luxury of living within walking distance or mass transit distance to their workplaces, allowing its residents to avoid the hassles of rush hour.

Although found in the busiest location, these condo manila can still offer the privacy and peace that residents are looking for in a home. However, other than in these locations, a number of new condominiums were also introduced in the Philippines which aims to provide a more relaxing and quiet environment compared in the city. These types of condominiums are known as condominium complexes.

Condominium complexes These new types of condominiums are different from the typical condominiums found in the city, such as the many condo manila. Most of these condominiums are normally found in wide open spaces or in private complexes. What made these types of condominiums popular among many Filipinos is its family-oriented environment.

Most condominium complexes are found in the outskirts, or even in provincial areas. This seclusion made it suitable for many Filipino families, allowing their children to play and grow safely within the confines of their condominium complex.

The disadvantage of these types of condominiums compared to the many condominiuims in the city, such as condo manila, is its location, which is far from workplaces. This made it harder for residents to get back to the city. However, there are several advantages to living in a condominium complex compared to condominiums in the city, such as its amenities.

Advantage of amenities In addition to its family-oriented environment, condominium complexes are also known for its amenities including swimming pools, gyms, recreational parks and playgrounds. This advantage allowed its residents to have their relaxation after a hard and busy day at work.

Disadvantages of condominiums There are, however, a number of disadvantages of living in a condominium. One main disadvantage of condominiums is its expensiveness, even with condominium complexes. This is the reason why many Filipinos can’t afford to live in a condominium unit.

Another disadvantage of many condominiums is its condominium fees or condo fees. These fees are paid for the maintenance of all facilities found in the condo. And according to many Filipinos, the many facilities are found in the condominium, the larger its fees, which is why condo fees in condominium complexes complete are normally larger compared to any other condominiums.For more information visit to our site at http://www.atayala.com